LSV Asset Management Grows Stock Holdings in The Mosaic Company $MOS

LSV Asset Management boosted its stake in The Mosaic Company (NYSE:MOS) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,910,477 shares of the basic materials company’s stock after acquiring an additional 40,487 shares during the period. LSV Asset Management’s holdings in Mosaic were worth $66,255,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MOS. Plan A Wealth LLC grew its stake in shares of Mosaic by 10.5% in the 3rd quarter. Plan A Wealth LLC now owns 11,049 shares of the basic materials company’s stock valued at $383,000 after purchasing an additional 1,048 shares during the last quarter. Cibc World Market Inc. raised its stake in shares of Mosaic by 27.1% during the third quarter. Cibc World Market Inc. now owns 30,282 shares of the basic materials company’s stock worth $1,050,000 after purchasing an additional 6,458 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Mosaic during the third quarter worth $396,000. ING Groep NV grew its position in Mosaic by 39.5% in the 3rd quarter. ING Groep NV now owns 803,286 shares of the basic materials company’s stock valued at $27,858,000 after buying an additional 227,590 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Mosaic by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 606,394 shares of the basic materials company’s stock valued at $21,030,000 after buying an additional 13,330 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of NYSE:MOS opened at $29.78 on Friday. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The business’s 50 day simple moving average is $26.21 and its 200-day simple moving average is $29.18. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.0%. Mosaic’s dividend payout ratio is 22.80%.

Analyst Ratings Changes

MOS has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $36.00 price objective for the company in a research report on Monday, February 2nd. Morgan Stanley lifted their price objective on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Barclays dropped their target price on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Finally, Mizuho reduced their price target on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.50.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.